Mark J. Murphy - Oct 13, 2022 Form 4 Insider Report for MICRON TECHNOLOGY INC (MU)

Role: EVP & Chief Financial Officer
Signature: Mai Lan Bui, Attorney-in-fact
Stock symbol: MU
Transactions as of: Oct 13, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/17/2022, 05:13 PM
Previous filing: May 23, 2022
Next filing: Apr 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MU	Common Stock	Award	$0	+73.5K	+81.57%	$0.00	164K	Oct 13, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MU	Performance Restricted Stock Units	Award	$0	+29K		$0.00	29K	Oct 13, 2022	Common Stock	29K	$0.00	Direct	F2
transaction	MU	Performance Restricted Stock Units	Award	$0	+18.4K		$0.00	18.4K	Oct 13, 2022	Common Stock	18.4K	$0.00	Direct	F3
transaction	MU	Performance Restricted Stock Units	Award	$0	+18.4K		$0.00	18.4K	Oct 13, 2022	Common Stock	18.4K	$0.00	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Award vests 33 1/3% on October 15, 2023, and 1/12 of the total restricted stock award vests quarterly thereafter.
F2	Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock based upon the achievement of pre-established performance goals related to relative total shareholder return over a 3-year period beginning September 2, 2022 and ending August 28, 2025 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 13, 2022), and certification of such performance by the Compensation Committee.
F3	Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock based upon the achievement of pre-established performance goals related to NAND delivery and solutions over a 3-year period beginning September 2, 2022 and ending August 28, 2025 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 13, 2022), and certification of such performance by the Compensation Committee.
F4	Each performance-based restricted stock unit represents the right to receive, following vesting, a percentage of one share of common stock based upon the achievement of pre-established performance goals related to DRAM revenue over a 3-year period beginning September 2, 2022 and ending August 28, 2025 (subject to a 200% aggregate limit on the total target shares that may be received under the performance-based restricted stock units awarded on October 13, 2022), and certification of such performance by the Compensation Committee.